Malaysian regulator proposes easier listing process for cryptocurrencies, seeking feedback on riskier assets
From Cointelegraph
July 1, 2025 4:50 am:
The Securities Commission Malaysia is proposing new rules that could allow cryptocurrency exchanges to list digital assets without explicit approval. This aims to speed up listings, enhance operator accountability, and expand product offerings. The exchanges would be responsible for listing decisions, with assets requiring security audits and one year of trading on compliant platforms.
The SC is seeking feedback on potentially allowing higher-risk assets like privacy coins (e.g., Monero) and memecoins for trading. Concerns include money laundering risks with privacy coins and volatility with memecoins. Stablecoins, tokenized assets, and nascent utility tokens are also under scrutiny for low market demand and conflict of interest issues.
The SC is proposing stricter rules for client asset security and governance for digital exchange operators. This includes segregating user assets, meeting minimum financial criteria, and appointing a local senior management member for asset administration. Exchanges that custody user assets must register as a digital asset custodian or engage an SC-registered custodian for services.
Read more at Cointelegraph.com
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